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Standard Bank Malawi is a large financial services provider, serving the banking needs of large companies, small and medium enterprises, as well as individuals.As of December 2019, the bank's total assets were valued at MWK:375.26 billion (US$519 million), with shareholders' equity of MWK:87.24 billion (US$121 million).
The bank was founded on 3 June 1999, with an approved capital of 750 million taka. [4] Kazi Akram Uddin Ahmed was the founding chairman of the bank. [6]In July 2004, Standard Bank provided 100 million BDT credit to International Leasing and Financial Services Limited.
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
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In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches. [15] The new owners merged their new acquisition with their existing Stanbic Bank (Uganda) Limited to form Uganda's largest commercial bank by assets and branch network. [11]
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya.
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Standard Bank Congo, part of Standard Bank Group; Rawbank; Ecobank, part of Ecobank Group; Trust Merchant Bank (TMB), part of KCB Group; Afriland First Bank CD SA, part of Afriland First Bank Group; Access Bank RDC, part of Access Bank Group; Solidaire Banque SA; SoFi Bank; CRDB Bank DR Congo SA, part of CRDB Bank Group [3]
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